As part of on- going efforts to stabilise, strengthen and enhance the capacity of the financial services sector to support socio-economic development, the National Insurance Commission has revised the Minimum Capital Requirements of all insurance entities.
The mandate of the Commission is to protect the interest of policyholders by ensuring a financially strong Insurance industry. The new MCR is one of the initiatives the Commission is taking to achieve this. The Commission strongly urges Shareholders, Directors and Executives of all Insurance entities to take all proactive steps to meet the new capital requirements by the set date.
Click on the link below to download the New Minimum Capital requirements for Insurance Entities